CHARITY REGISTRATION NUMBER: NIC105263 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Financial Statements 31 December 2023
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements 11
Page 1 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Trinty Greyabbey Congregation of The Presbyterian Church in Ireland Charity registration number NIC105263 Principal office 26-34 Main Street Greyabbey Co Down BT22 2NE The trustees Rev N Stewart (Minister) Mr G Angus (Clerk of Session) Mr L Brown Mr J Cranston Mr N Angus Mr M GraY Mr R Walker Mr N Hamilton Mr A Ryder Mr H Campbell Mr R Mccracken Mr C Muldoon Mr D Thompson Independent examiner Elaine Mulholland on behalf of Johnston Graham Limited Chartered Accountants 2161218 Holywood Road Belfast BT41PD
Page 2 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Structure, governance and management The Kirk Session The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and seNice in the local communty. The Kid( Sessions has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and propety belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings. except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirf( session are held 4th Tuesday each month. To be chosen for the ofFice of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Trinity Greyabbey congregation of the Presbyterian Church has been assigned to the Ards Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the congregation. The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a a representative elder appointed by the Kirk Session of each congregation.
Page 3 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (ntinued) Year ended 31 December 2023 Objectives and activities The charitable purpose of the congregation is the advancement of religion. Trinity Greyabbey COnggatIon of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregations mission purposes is: A Welcoming, Christ-centred and Spirit-filled Church, Worshipping and Serving God in the Community is increasingly characterised by love for God, and love and concem for others is committed to the historic Christian gospel as revealed in the Bible is relevant to people of this time and place. The congregation aims to live out its Mission and Vision as a family of God's people by being- A Covenant Community= where our relationships are rooted in the promises of God by living faiihfully toward him and toward one another" An intergenerational Community: where adutts intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ- - An Outward looking Communty: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our communty" As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechism set out what we understand the Bible teaches on key matters of Christian faith and practice. The congregation meets in places of worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisations l Ministry's including.. K4C {Sunday School) - Trinty Tots Bowling Club {Greyabbey) Bowling Club {Cloughey) BB (Anchor. Junior, Company) Craft Club Girls Brigade { Cloughey) Polo {Cloughey} RE-GEN (Youth Fellowship Geyabbey) - Wings Women's Ministry CREW ( Youth Fellowship Cloughey)
Page 4 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 A¢hievements and performance Worship and prayer The Congregation meets for worship each Sunday at 10 am Cloughey 11.30 am Greyabbey. Home Groups provide an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. As well as our regular seNices during the year we acknowledged God's gift of new life wsth 1 Sacraments of Baptism. We continually seek to comfort those who had been bereaved during the year. On 31 December 2023 there were 291 ¢ommuni¢ant members and 295 families connected with the congregations. The average week attendance at morning worship is 80 Cloughey and 125 Greyabbey. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral visitors Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations I ministries. Public Benefit Statement The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to tts members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direcl benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In tum, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communtiies throughout Northem Ireland. the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions Public benefit requirement statutory guidan.
Page 5 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 KIRK SESSION REPORT "Trust in the LORD with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths" Pmverbs 3."5-6 When I look back over 2023 it has been a busy and challenging year within the Kirk Session but as always God has been faithful. 2023 will be remembered for Mission work within both churches. It was great that a team from Greyabbey was able to travel to Abura to officially open the Early Learning Centre in partnership through Fields of Life and we look fomard to a team from Cloughey travelling to Eswatini in 2024 to continue building relationships and supporting people through Challenge Ministries. Of course, it is important that Mission continues at home through supporting various charities, running Holiday Bible Clubs, continuing to develop connections with our local schools, football club, Greyabbey L.O.L. and community asscKiations. We were delighted to form a Fellowship subcommittee to work at bringing people together through fun days, walks and ten pin bowling. A good part of session's time has been allocated to Revilalisation of God's work in the East Coast of our Peninsula., with a document being fOarded to Presbytery for their consideration. Discussions have been ongoing in 2023 with regard to a Chaplaincy in Glastry High School and it was good to see the fruits of labour coming together with Mr Stevie Garrett stsrting this position as chaplain in October. Towards the end of 2023 it was decided to focus a Sermon series on everyday issues from Abortion to Addiction being biblically addressed. Discipleship groups followed these series and on a number of occasions they came together to hear specialised speakers on the topics. 2023 saw our minister Neil as Moderator of Ards Presbytery and it was a privilege to welcome the Presbytery to Greyabbey in September for a Communion Service. Prayer is vital within our congregations with T@P continuing to meet on atternate Wednesday evenings with special times of focused prayer throughout the year. "And let us not gmw weary of doing good, for in due season we will reap, rf we do not give up" Galatians 6."9 It is a blessing to see Cloughey congregation continue to grow and we appreciate all the volunteers within the church family who help with this ministry. With Presbytery's approval and the dedication and foresight of Cloughey congregation we were able to Commen the elections for Elders from Cloughey and we look forward to welcoming them onto session in 2024. Again, we thank and appreciate the unfailing commitment of all leaders and committees who help within all our Ministries and Organisations in Greyabbey. It is noted at the end of the year that attendance numbers at Greyabbey church has declined. This is something that the session will be addressing and giving priority to in 2024. We would encourage everyone to prioritise worshipping God collectively on a Sunday.
Page 6 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continuedj Year ended 31 December 2023 The Kirk session thanks Neil for his energy and passion in delivering God's word and may God continue to richly bless him in his ministry along with Ruth, Jack and Archie. Finally, I personally thank my fellow elders for their dedication, grace and unfailing commitment in witnessing and encouraging people to grow in their faith. "As each has received a grf¢ use it to serve one another, as good stewards of God s varied grace" I Peter 4."10 George Angus Clerk of Session May2024
Page 7 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report fcontinuedj Year ended 31 December 2023 Financial review The congregation's main source of income is members, contributions through the Weekly Freewill Offering. The 2023 accounts are prepared on an accruals basis. Total income for the year was £327,215 compared to £309,245 in the 2022 year of which £281,819 related to donations including gift aid. The total surplus for the year was £42,396 (£26,011 in 2022) of which £30,244 related to restricted funds. This resulted in net assets at 31 December 2023 of £730,029, of which £214,834 is held for restricted purposes as outlined in note 17 of the financial statements. The trustees, annual report was approved on 26 May 2024 and signed on behatf of the board of trustees by: fvJ• Rev N Stewart (Minister) Trustee Mr G Angus (Clet* of Session) Trustee
Page 8 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Independent Examiner's Report to the Trustees of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Year ended 31 December 2023 report to the trustees on my examination of the financial statements of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland {'the charity,) for the year ended 31 December 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008 (the '2008 Act,). You are satisfied that your charity is not required by charity law to be audiled and have chosen instead to have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the 2008 Act. Independent examiner's statement sin the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. a¢¢ounting records were not kept as required by with section 63 of the 2008 Act; or the financial statements do not accord wlth those records., or the financial statements do not Comply with the accounting requirements of the 2008 Act,. or the financial statements do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Elaine Mulholland on behalf of Johnston Graham Limited Chartered Accountants Independent Examiner 2161218 Holywood Road Belfast BT41PD 26 May 2024
Page 9 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland statement of Financial Activities Year ended 31 December 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income 225,856 3,974 254 55,963 41,082 86 281,819 45,056 340 287,099 22,114 32 Total income 230,084 97,131 327,215 309,245 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 1,532 205,539 4,572 73,176 6,104 278,715 3,806 279,428 207,071 77,748 284,819 283.234 Net income 23,013 19,383 42,396 26,011 Transfers beeen funds (10,861) 10,861 Net movement in funds 12,152 30,244 42,396 26,011 Reconciliation of funds Total funds brought forward Total funds carried forward 503,043 515,195 184,590 687,633 661,623 214,834 730,029 687,633 The statement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 20 form part of those financial statements.
Page 10 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets 14 370,772 380,279 Current assets Debtors Cash at bank and in hand 15 40,234 321,003 38,067 270,268 361,237 308,335 Creditors: amounts falling due within one year Net current assets 16 1,980 980 359,257 730,029 307,355 687,634 Total assets less current liabilities Net assets 730,029 687,634 Funds of the charity Restricted funds Unrestricted funds 214,834 515,195 184,590 503,043 Total charity funds 17 730,029 687,633 These financial statements were approved by the board of trustees and authorised for issue on 26 May 2024, and are signed on beha]f of the board by.. Rev N Stewart (Minister) Trustee Mr G Angus (Clerk of Session) Trustee The notes on pages 11 to 20 form partof these financial statements.
Page11 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit entty and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 26-34 Main Street, Greyabbey, Co Down, BT22 2NE. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modiFied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional cUencY of the entity. Going concern There are no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund a¢¢ounting Unrestricted funds are available for use at the discretion of the trustees to further any of the Charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes- restricted income funds or endowment funds.
Page 12 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donations or grants is recognised when there is evidence of entttlement to the gfft, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entttlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates= expenditure on raising funds includes the costs of all fundraising activtties, events, non-charitable trading adivities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 13 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (¢ontinued) Tangible assets {continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impainnent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Freehold propety 20/0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating untt to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Page 14 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continuedj Year ended 31 December 2023 A¢¢ounting policies (¢ontinued) Financial instruments {¢ontinu Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business temis or fInand at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective eviden of impairment al the end of each reporting date. If there is objective eviden of impairment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equty instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are etther assessed individually or grouped on the basis of similar ¢d[t risk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Recorded giving Loose collections Donations and gifts Gift aid 172,128 14,319 34,963 6,582 10,707 207,091 20,901 10,707 39,409 39,409 Grants Grants 3,711 3,711 225,856 55,963 281,819 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Recorded giving Loose collections Donations and gifts Gift aid 159,494 13,119 518 35,930 53,188 3,764 6,614 212,682 16,883 7,132 35,930 Grants Grants 14,472 14,472 209,061 78,038 287,099
Page1 S Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Use of premises 3,974 25,736 3,575 3,796 3,340 4,635 41,082 29,710 3,575 3,796 3,340 4,635 3,974 45,056 Unrestricted Funds Restricted Totsl Funds Funds 2022 Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Use of premises 2.920 6,037 4,730 2,833 3,419 2,175 8,957 4,730 2,833 3,419 2,175 2,920 19,194 22,114 Investment income Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable General investment fund 238 16 324 16 254 340 Unrestricted Funds Restricted Total Funds Funds 2022 Bank interest receivable General investment fund 15 15 17 17 17 15 32 Costs of raising donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Raising funds 1,532 4,572 6,104 Unrestricted Funds Restricted Total Funds Funds 2022 Raising funds 1,935 1,871 3,806
Page 16 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {¢ontinued) Year ended 31 December 2023 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 General Assembly Assessments Presbylery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Support costs 36,696 933 80,258 69,377 1,534 16,741 36,696 933 82,883 107,110 34,255 16,838 2,625 37,733 32,721 97 205,539 73,176 278.715 Unrestricted Funds Restricted Total Funds Funds 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Support costs 32,872 886 59,824 65,641 7,323 17,794 32,872 886 72,696 85,488 69,631 17.855 12,872 19,848 62,308 61 184,340 95,089 279,428 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Totsl fund 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Governance costs 36,696 933 82,883 107,110 34,255 36,696 933 82,883 107,110 34,255 16,838 32,872 886 72,696 85,488 69,631 17,855 16,838 261,877 16,838 278,715 279,428 10. Net income Net income is stated after chargingl(crediting}= 2023 2022 Depreciation of tangible fixed assets 9,507 9,507 11. Independent examination fees 2023 2022 Fees payable to the independent examinerfor.. Independent examination of the financial statements 1,000 980
Page 17 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs 71,598 6,613 64,057 5,235 78,211 69,292 The average head count of employees during the year was 4 (2022: 4). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 13. Trustee remuneration and expenses No remuneration was paid to the trustees in respect of their role as trustees. 14. Tangible fixed assets Freehold property Cost At 1 January 2023 and 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 475,350 95,071 9.507 104,578 Carrying amount At 31 December 2023 370,772 At 31 December 2022 380,279 15. Debtors 2023 2022 Prepayments and accrued income Other debtors 4,490 35,744 4,590 33,477 40,234 38,067 16. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 1,980 980
Page 18 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 17. Analysis of charitsble funds Unrestricted funds At1Jan23 Income Expenditure Transfers At 31 Dec 23 General funds 503,043 230,084 (207,071) (10,861) 515,195 At 1 January 20 At 31 December 2022 Income Expenditure Transfers General funds 498,515 211,998 (186,275) {21,195} 503,043 Restricted funds At1Jan23 Income Expenditure Transfers At 31 Dec 23 Building for the future Communty OLrtreach Fields of Lrfe Discretionary Fund Mission Fund Cloughey Property Greyabbey Church HaNest Moderator Appeal Ukraine Propety Solid Ground Cafe Sunday Childrens Appeal United Appeal Women's Fellowship Solid Rock Cafe Trinity Tots Boys Brigade Girls Brigade Fusion Bowling (Greyabbey) Bowling (Cloughey) Craft Club Men's Ministry Youth Outreach Worker POLO Challenge Ministries CREW Cloughey Presbyierian Women Catering Team Abura Syria Appeal Eswatini Mission Trip 3,866 1,716 4,798 (3,866) (808) 2,760 373 1,293 4,971 1,092 1,200 (2,000) (8,457) (373) {600) (4,971) 301 826 455 5,307 4,000 4,688 1,974 5,307 15,000 11,000 (4,688) 20 17,995 2,930 (20) 2,048 30 133,536 4,780 (4,030) (1,795) 149,549 5,945 410 410 10,496 2,472 2,560 410 4,853 2,264 (15,975) (2,429) (2,360) (433) (4,971) {4,447) 5,479 936 635 496 2,273 6,237 325 222 2,052 243 89 261 13,399 56 3,595 983 835 473 2,155 4,054 325 249 2,110 257 449 261 13,399 67 9,183 527 679 226 823 (500) (621) (212} (623) 160 2,111 546 5,375 750 (2,111) (535) (2,068) (753) 2,281 600 316 2,496 4,639 4,682 757 4,690 (2,428) (3,375) (6,163) (827) (4,690) 668 1,580 (781 } 74 700 144 184,590 97,131 (77,748) 10,861 214,834
Page 19 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {¢ontinued) Year ended 31 December 2023 At Transfers 31 Dec2022 At 1 Jan 2022 Income Expenditure Building for the future Community outreach Fields of Lrfe Discretionary Fund Global Mission Greyabbey Church HaNest Moderator Appeal Ukraine Property Solid Ground Café Sunday Children's Ministry United Appeal Women's Fellowship Solid Rock Café Trinity Tots Boys Brigade Girls Brigade Fusion Bowling (Greyabbey) Bowling (Cloughey) Craft Club Men's Ministry Youth Outreach Worker POLO Challenge Ministries CREW Cloughey Presbyterian Women Catering Team Abura 3,772 2,458 2,075 (3,772) (1.871) 2,500 545 (1.819) 2,565 18,113 (2,260) (21,487) (545) 1,092 1,200 2,458 187 11,000 5,041 826 11,000 (5041 } 4,925 25,856 2,576 (5,586) (5,335) (1,606) 661 7.441 105,574 3,810 133,536 4,780 410 410 7,077 1,513 2,965 261 2,899 3.087 (14,135) (924) (2,462} {178) (2,898) (4,001) 7.058 (571) 918 132 414 2,272 7,151 325 195 1.923 106 936 635 496 2,273 6,237 325 222 2,052 243 89 261 13,399 533 565 230 1,294 (506) (435) (92) (1,212) 261 13,399 68 2,995 16 12,872 656 1,944 505 (12,872) (668) (16,637) (510) 15,293 3,595 926 1,265 765 (897) (949) (765) (96,960) 571 600 316 163,112 97,247 21,195 184,590
Page 20 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (¢onfynued) Year ended 31 December 2023 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 370,772 146,403 (1,980) 515,195 370,772 361,237 {1,980) 730,029 214,834 214,834 Unrestricted Funds Restricted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 380,279 123,774 {980) 503,073 380,279 308,335 (980) 687,634 184,561 184,561